Need an appraisal for an FHA-backed mortgage? Call Capuano Appraisal Services, LLC
We confidently state that Capuano Appraisal Services, LLC is an FHA-approved appraisal service in VA. This indicates that we are qualified and approved by the FHA to do reports for home loans backed by them. A portion of the regular training our staff at Capuano Appraisal Services, LLC completes deals strictly with comprehending the FHA's documentation and their rules and procedures.
Be sure to contact Capuano Appraisal Services, LLC if you need an appraisal done for an FHA-secured loan.
If your financial transaction is FHA certified, that means that the loan has been secured by the Federal Housing Administration, which is part of the United States Department of Housing and Urban Development (HUD). The lending company takes care of all the money in the loan; the FHA simply backs the transaction with mortgage insurance in case the borrower does not pay off his or her loan. Accessible to all consumers, FHA loan programs are made to assist credit-worthy low-income and moderate-income families who do not meet requirements for conventional loans.
The rates on FHA loans are generally market rates, while down payment requirements are lower than for conventional loans. The loan programs that the Federal Housing Administration offers are incredibly beneficial to consumers with less starting income.